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Deeper OPEC+ output cut could hit fuel retailers, stoke inflation fears, ET Auto

OPEC+ Output Cut: The OPEC+ grouping’s decision on Thursday to cut production further could end up resuming pressure on the profitability of state-run fuel retailers, delay possible cuts in interest rates and test the government’s inflation management in the run-up to the general elections next year. At a virtual meeting, the grouping’s members, including Russia, decided to pare output by a million barrels per day (bpd), taking the total reduction in the grouping’s output since late 2022 to over 6 million barrels a day, or over 6% of the global demand. ....

Opec Output Cut , Fuel Retailers , Inflation Fears , Interest Rates , Overnments Inflation Management ,

OPEC+ agrees to 1 million bpd oil output cut, extends Saudi Arabia's voluntary reduction

OPEC members agree to implement an additional 1 million barrels a day of oil-supply cuts, alongside Saudi Arabia s extension of a voluntary reduction of the same size. ....

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OPEC+ Output Cut: Deeper OPEC+ output cut could hit fuel retailers, stoke inflation fears

International Business News: The OPEC+ grouping’s decision on Thursday to cut production further could end up resuming pressure on the profitability of state-run fuel retailers, d ....

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OPEC reduces 2023 oil demand by 1 lakh bpd to 29 mbpd, Saudi output cut leads to 3 mbpd shortfall

Global oil markets are likely to face a supply shortfall of more than 3 MBPD next quarter potentially the biggest deficit in more than a decade as Saudi Arabia extends its supply output cuts till December. ....

Saudi Arabia , Oil Prices , Crude Oil Supply , Opec Output Cut , Global Oil Prices , Oil Production Cuts , Crude Oil Prices ,

After LPG Price Cut, Will Petrol, Diesel Prices Be Slashed During Diwali?

It is expected that the Centre might slash petrol and diesel rates by Rs 3-5/litre around Diwali given key state elections from November-December 2023. ....

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